Priya Patel
TLDR:
Trust Fintech is going public with an IPO priced at ₹ 95 to ₹ 101 per equity share, aiming to raise approximately ₹ 63.45 crore. The company offers IT services and Fintech software solutions, with a strong financial performance and growth plans for the future.
In the Trust Fintech IPO, potential investors should take note of the following key points:
- The IPO price band is set at ₹ 95 to ₹ 101 per equity share, with a lot size of 1,200 shares.
- The company recorded revenue of ₹ 18.82 crore and profit of ₹ 7.27 crore in the first half of fiscal year ending September 30, 2023.
- Trust Fintech offers offshore IT services, Fintech software solutions, ERP implementation, SAP B1 development, and customised software solutions for the BFSI sector.
- The issue size consists of a fresh issue of 62,82,000 equity shares, aiming to raise approximately ₹ 63.45 crore (at upper band).
- The IPO proceeds will be used to finance global and domestic business development, sales and marketing, establish new development facility, upgrade IT infrastructure, and enhance existing products.
The company’s growth plans involve business expansion, infrastructure upgrades, and product enhancements to align with their vision for future growth and development.
Overall, Trust Fintech’s IPO presents an opportunity for potential investors to participate in the company’s growth and expansion in the IT services and Fintech software solutions sector.
